Climate Change Data

Environmental Metrics

ESG Focus Areas

• Training and development
• Employee communications
• Employment policy
• Holidays and Pilgrimages
• Community
• Environment and Health & Safety
• Packaging and waste reduction
• Anti-bribery and anti-corruption

Environmental Achievements

• Improved sanitary ware scrap rate from 13% in 2022 to 9% in 2023
• Recycling of packing materials significantly reduced packaging material footprint
• All Lecico’s factories in Egypt are certified for ISO 14001 (Environmental)
• Developed a system for protection from radioactive materials used in production

Social Achievements

• 45 employees received internal training on conducting successful interviews
• 26 students trained as interns
• 657 workers trained internally on COC, anti-bribery, anti-corruption, sustainability, and labor rights
• Established a Worker’s Follow-Up Committee
• Lecico contributed over LE 15.5 million in pension contributions, accident and medical insurance, and aids support for its staff
• 28,859 subsidized holiday days enjoyed by staff, total expense of LE 568,700
• LE 1,196,545 in donations to social and humanitarian causes

Governance Achievements

• Initiated and implemented an anti-bribery and anti-corruption policy
• Successfully passed all recurring external audits (NF, KIWA, NORDTEST, AENOR, IAPMO)
• Started Ecovadis membership
• Started issuing ESG and TCFD reports to the EGX

Climate Goals & Targets

Environmental Challenges

• High inflation in Egypt
• Weak demand in export markets
• Sharp rise in interest rates
• Cooling demand across most markets
• High inflation in Egypt and increased interest rates
• Lebanon's macroeconomic and political uncertainty

Mitigation Strategies

• Gains in efficiency and cost-saving programs
• Significant price increases in local and export markets
• Reduced teams in Lebanon and Poland
• Cost-saving ventures to reduce energy, overheads, and input costs
• Cutting inventories and reducing working capital
• Ramping up production from 2H 2023 levels
• Managing stock levels
• Expecting supplemental income from excess foreign currency proceeds
• Lecico Lebanon continuing operations with limited sales

Supply Chain Management

Responsible Procurement

• SQP audit
• WCA audit
• SMETA four-pillar audit

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001:2018

Awards & Recognition

• Best practice award on the SMETA business ethics section